When Tyger was 10 years old, his grandparents gave him 5,000 shares of stock in DotCom, Inc. The stock has paid annual dividends of 38,000. This year Tyger's parents have taxable income of $800,000. Tyger is 17 years old this year. This year, Tyger also earned $2,000 from babysitting. At what rate will Tyger's babysitting income be taxed?

Answer rating: 100% (QA)

Tygers babysitting income will be taxed at the same rate as his parents income which is 37 in the Un... View the full answer